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Andile Ramaphosa consults with a number of companies, including Bosasa. During the Q&A sessions regarding the VBS saga in Parliament on 6 November, DA leader Mmusi Maimana questioned a transaction of half a million Rand between Andile Ramaphosa and Bosasa.

He had proof of the R500 000 transaction, as well as an affidavit from former Bosasa account, Peet Venter, confirming that he was instructed by Gavin Watson, the CEO of Bosasa, “to pay the R 500 000 […] to Efg3 into an Absa Account.”

According to the document, it was paid to the Andile Ramaphosa Foundation. Mmusi Maimane said:

“In this particular instance, these are politically connected people who stole money from poor South Africans and their life savings. This culture is pervasive, Mr President, for those who are on the inside connected to the ANC and those who are on the outside which are poor people.”

President Ramaphosa said he carried knowledge of the transaction. His son consults with a number of companies, including Bosasa, but claims that he is “running a clean business” and that the transaction was legal. However, according to the Citizen, President Ramaphosa added:

“If it turns out there was any irregularity or corruption, I will be the first to make sure he becomes accountable even if it means that I’m the one who will take him to the police station.”

The quarterly session in the National Assembly follows a month after the Democratic Alliance filed criminal charges against ANC MP Vincent Smith, chairperson Gwede Mantashe and Nomvula Mokonyane, Communications Minister, among others, after news of corruption and nepotism came to light.

According to affidavit, Venter was also instructed by Gavin Watson to register The Exchange Space (Pty) Ltd, and the company’s purpose would be to facilitate the marking and branding of Bosasa.

Andile Ramaphosa denies involvement
Since news of the R 500 000 transfer caused an outcry on social media, Andile Ramaphosa reached out to News24 and said he had “absolutely nothing to do with this,” and that his company “has always done things properly.”

During the Q&A, President Ramaphosa defended his son by saying that the payment was strictly with Bosasa, and that it has nothing “has nothing to do with VBS.”